Common use of No Obligation of Employment Clause in Contracts

No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary or Affiliate or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which are hereby expressly reserved, to terminate the employment of the Optionee at any time for any reason whatsoever, with or without Cause.

Appears in 6 contracts

Samples: Grant Agreement (Peabody Energy Corp), Grant Agreement (Peabody Energy Corp), Non Qualified Stock Option Agreement (L 3 Communications Holdings Inc)

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No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary or Affiliate Affiliate, or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which are hereby expressly reserved, to terminate the employment of the Optionee at any time for any reason whatsoever, with or without Cause.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Peabody Energy Corp), Non Qualified Stock Option Agreement (Peabody Energy Corp)

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No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary or Affiliate or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which are hereby expressly reserved, to terminate the employment of the Optionee at any time for any reason whatsoever, with or without Cause.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Peabody Energy Corp)

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